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0 sats \ 0 replies \ @nerd2ninja 13 Jun 2022 \ on: Where does the exchange rate for BTC/USD come from? bitcoin
So basically, on exchanges, you can put a bid for Bitcoin. If someone accepts your bid at the price you put, that becomes the new Bitcoin price. If you then put up a bid to sell Bitcoin, and someone buys it for the price you put, then that becomes the Bitcoin price instead.